Metals

Gold and Silver

VelocityShares' metals exchange traded product suite includes leveraged long and inverse strategies in futures on gold and silver, as measured by the S&P GSCI. While institutional investors have available a variety of instruments (such as futures, swaps and forwards) to express views on metals, this suite of exchange traded products provides a potential alternative with distinct features.

These products seek to provide sophisticated institutional investors with exchange traded instruments for managing risk or expressing short-term market views. The long products are designed to increase in value by a daily-resetting 3x multiple of an increase in the underlying index, while the inverse products are designed to increase in value by a daily-resetting 3x multiple of a decrease in the underlying index. For example, the inverse silver ETN DSLV might be used to express a view of being "short silver."

COMPANY

Each respective issuer has filed a registration statement (including a prospectus and related supplements) with the Securities and Exchange Commission (SEC) for the securities described herein. Before investing, please read these documents carefully to understand the terms and risks of the ETNs and other considerations that are important in making a decision about investing in the ETNs. These documents are available without cost by visiting EDGAR on the SEC website at www.sec.gov or by calling toll-free 877.5.VELOCITY (877.583.5624).